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Chinese shares rebound to new high
Price hikes for meat, eggs to affect CPI in China
Everbright issues new fixed-rate mortgage
Chinese RMB scores new high against U.S. dollar
ATM cash limit set to soar in bank shake-up
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carve out
Middle East investors eye mainland real estate market
Chinese entrepreneur buys into German airport
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3 foreign banks get nods to incorporate locally
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Shougang confirms plant closure in time for Olympics
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Ministry: Meat, egg prices to stabilize in July
Top global hotels on aggressive path for expansion
Mainland stock index rises to record for 3rd Day
Property bargain-hunters turn to Japan and China
S Korea's trade surplus with China drops 16.8 pct during first 4 months
3 billion U.S. dollars from China's forex reserve entrusted to U.S. firm for overseas investment
GM names Socia head of Shanghai venture
SHANGHAI, May 25 -- General Motors Corp named Robert Socia as head of Shanghai General Motors Co, its biggest venture in China, Bloomberg reported today.


Socia, head of GM's South Africa unit, will replace Chris Gubbey as executive vice president from July 1, Shanghai GM said in a statement today.


Gubbey is set to become head of GM Holden Ltd in Australia, replacing Denny Mooney, who will become GM's vice president of global vehicle systems and integration.


GM aims to boost sales in China, the world's second-largest vehicle market, and other overseas markets as it seeks to stay ahead of Toyota Motor Corp as the world's largest carmaker, Chief Executive Officer Rick Wagoner said in January.


The carmaker's sales in China rose 32 percent last year, compared with an 8.8 percent drop in US sales.


Socia joined GM in 1975 and was Europe vice president for world purchasing before taking the South Africa post, according to the statement.


Shanghai GM, a passenger car venture, is equally owned by the Detroit-based automaker and SAIC Motor Corp, China's largest automaker. GM plans to introduce about ten new and revamped models in China this year.

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